The farm gate price of a kilo of palay continued to rise in January, according to data released Wednesday by the Philippine Statistics Authority, which is a boon for farmers but a bane for rice consumers.
Local output growth measured as the gross domestic product (GDP) is forecast to ease further this year to 5.4 percent, lower than last year's growth print of 5.6 percent, analysts at the Manila unit of the Dutch giant ING said on Monday.
The government already spent in 11 months P1.02 trillion of its commitment to spend P1.33 trillion in various public infrastructures in 2023, Budget Secretary Mina F. Pangandaman said on Sunday.
Foreign investments approved by various investment promotions agencies reached P394.45 billion in the fourth quarter, more than double the P173.61 billion in the year-earlier period even though a number of IPAs didn’t report any approvals during the period.
Bounty Fresh Group Holdings Inc. announced plans to add approximately 300 new Chooks To Go rotisserie stalls and restaurants nationwide by the end of 2025, bringing its total store count to around 2,000.
The Palawan Electric Cooperative (Paleco) and Vivant Energy Corp., through its subsidiary Delta P Inc., have started implementing a 40-megawatt (MW) power supply agreement in Puerto Princesa City, Palawan.
SM Investments Corp. underscored its commitment to practical and scalable sustainability efforts during The Dirty Work of Doing Good, a conference hosted by the French Chamber of Commerce and Industry in the Philippines.
Malayan Insurance Co. has credited its strong affiliation with the Yuchengco Group of Companies (YGC), advanced analytics, and robust underwriting practices for its continued top-tier performance the past two years.